The fixed wireless broadband market will grow 30 percent in 2018 and will generate $18 billion in service revenue, said ABI Research.
ABI Research forecasts worldwide fixed wireless broadband market will grow at CAGR 26 percent to generate $45.2 billion in 2022.
5G fixed wireless broadband access, which will be launched in North America in 2018, will provide better quality service to consumers in future.
LTE is the most widely used technology to provide fixed wireless broadband service across the world. Telecom operators deployed fixed LTE mainly for residential broadband service in the areas where fixed broadband infrastructure is poor.
Mobile operators made investment in fixed LTE network to provide residential broadband service more cost effectively compared to wired broadband deployment.
Verizon, the number one telecom operator in the U.S., announced its plans to launch 5G fixed wireless broadband service to its residential customers in the second half of 2018.
Verizon plans to first launch 5G fixed wireless broadband service in California followed by additional markets later and expects initial 5G fixed wireless broadband deployment to cover around 30 million U.S. households.
Other US-based mobile operators, including AT&T and Charter, are conducting 5G fixed wireless broadband tests in select markets in the United States.
Orange, Elisa, and telecom infrastructure company Arqiva are also conducting 5G fixed wireless trials in Europe.
Optus, a leading telecom operator in Australia, is planning for 5G fixed wireless service launch in 2019.
“5G technology can support a theoretical speed up to 20 Gbps with latency 1 ms, enabling operators to provide superior broadband access without installing fiber-optic cables to every single household,” said Khin Sandi Lynn, industry analyst at ABI Research.
5G fixed wireless broadband operators are likely to focus in dense urban areas and roll out in rural areas when 5G is widely launched commercially.